Options for Giving

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Your Giving: Simple, Effective & Fulfilling

Establishing a fund can often be done in less time than it takes to open a bank account. You can give any type of asset – cash, stocks, closely held securities, real estate, or personal property – and receive maximum tax benefits.

We take care of the administrative details and grantmaking activities, keeping your giving flexible and eliminating uncertainty about nonprofit sustainability.

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Community Impact Funds

How will your gift make an impact?
You get to decide.

Community Impact Funds make a lasting difference, addressing our region’s most urgent and evolving needs. You may choose to:

  • Support our region’s big picture, ever-changing needs,
  • Designate your gift to support your favorite charities, or
  • Choose an interest or geographic area that you would like the Foundation to address with your fund.
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Donor Advised Funds

Simplify your giving while staying actively involved.

With a donor advised fund, you are in the driver’s seat. Your fund can make grants to local, national and global organizations. If you want help, our team can also help you identify nonprofits that match your charitable interests.

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Scholarship Funds

Invest in the future by helping students achieve their dreams.

The gift of education that a scholarship fund creates is a permanent tribute to the person or organization for which it is named.
You can determine the scholarship purpose and selection criteria, and we manage the details to ensure that awards are disbursed in accordance with your wishes and in compliance with all applicable regulations.

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"Being fiercely independent, we thought we could manage our charitable giving on our own. We have done so for 20 years and have learned much from the experience. We now understand that the value of working with the Community Foundation provides a broader reach and greater impact for our giving."

- Chet and Karen Opalka

Frequently Asked Questions

Yes. The Community Foundation is a registered 501c3 charity. All gifts are fully tax deductible to the extent permitted by law.

You can name your fund anything you want.

The Community Foundation accepts cash (checks/ACH transfer), stock, securities, real estate and personal property.

Yes. Community Impact Funds, Endowed/Designated Funds and Scholarship Funds are qualified to receive these distributions. The IRS restricts Donor Advised Funds from receiving these contributions directly.

The minimum for a Scholarship Fund is $30,000. The minimum for all other fund types is $5,000.

Yes. The Community Foundation is able to support students throughout their educational journey, regardless of their career path. We offer scholarships for adults returning to college, students pursuing the trades/professional licensure and scholarships for high school students.

You may contribute to your fund at any time and ask friends and family to contribute. Click here to download the Community Foundation’s Fundraising and Special Events Guidelines.

Fees on our funds support community grantmaking, nonprofit trainings, leadership development, and the promotion of charitable giving that ultimately transforms the place we call home.

Types of funds and supporting fees table.

Investment Management and Consulting Fee: varies, approximately .53% annually.

Click here for full schedule and explanation of the Foundation’s fee structure.

Portraits of Generosity

Learn how your friends and neighbors are supporting the place they call home.

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Arnold Cogswell Health Care Fund

When the Albany Hospital for Incurables closed its doors in the early 1990s, proceeds from the sale were earmarked for charity. Arnold Cogswell, a well-known community leader, had held leadership … Read more

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John Faunce and Alicia Tracy Roach Fund

The John Faunce and Alicia Tracy Roach Fund, created with a gift from the estate of John and Alicia Roach, was the preface to a love story that will continue … Read more

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Bender Scientific Fund

Advancing Educational Research and Discovery Bender Hygienic Laboratory, founded in 1895 in Albany, was the first not-for-profit public health, medical, educational and research laboratory in the nation.  It was named … Read more